That is correct, but what is "congested" and who's going to pull me over. :tonka:

You also can't fly over 8000 feet, and you can't fly near other airports!

isnt it called a sport pilot liscence that basicly limits you to daytime and 50 miles limitations. I dono much about those, ive only operated cessna's and a glider. Its nice having a grandpa who used to be a flight instructor

What is the FAA's definition of a “congested area”?
“This question often comes up when trying to determine the minimum safe altitude for operating an aircraft. In [CFR] 91.119, a "congested area" is defined as a city, town, settlement, or open-air assembly of persons. According to a Letter of Interpretation from FAA legal counsel (http://www.aopa.org/epilot/redir.cfm?adid=8604 ), there is no standard definition for a congested area, but case law has indicated that a subdivision of homes and a small rural town constitute one. Because it has been interpreted loosely, consider an area congested if you are in doubt.”

yes, it does indeed float.
Just like a pontoon boat. Those buldges along both sides are the fuel tanks. They are sealed, pressurized pontoons for flotation purposes. There is a load restriction for "extended water operations" which is significantly less than half the maximum gross operating weight.
Of course you have to make sure the drain plugs in the underside of the aircraft are installed prior to water landings.
Another restiction is waves less than 2 feet. It is intersting looking under water through the chin bubbles beneath your feet.